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According to the study, 78% of buy-side equity traders predict that this area will see the most benefits, with 61% also foreseeing impacts on venue selection, and 50% on broker and strategy choices.
Prime broker Hidden Roads subsidiary, Hidden Road Partners CIV US LLC has been granted approval by the Financial Industry Regulation Authority (FINRA) to operate as a FINRA-member broker-dealer. Read more: Ripple becomes first crypto business to own a global multi-asset prime broker as it picks up Hidden Road for $1.25
Single-stock trading and program trading in US equities are becoming increasingly interlinked, as advances in algorithmic trading blur the lines between the two. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux. constituents.
New York-based Tufano brings more than 20 years of industry experience to his new position, which will see him working towards delivering a robust clearing platform and client experience alongside the firm’s trading, risk, operations, technology and client service teams. He is also set to oversee the business’ margin, collateral and settlement processes. (..)
London-based Eryuksel most recently spent 15 years at UBS – predominantly in senior sales and equity trading roles before heading up the business development of UBS’ outsourced trading platform across EMEA. At UBS he also served as trading back-up for the London multi-asset trading desk.
Redburn Atlantic’s global execution teams have undergone a redraft with the addition of four new individuals alongside three departures, The TRADE can reveal. The move follows Redburn Atlantic’s winning Best Agency Broker at The TRADE’s inaugural 2024 Leaders in Trading New York Awards in November.
In May, the UK’s Financial Conduct Authority’s (FCA) implemented new rules allowing fund managers to pay for research with a joint payment option, essentially allowing for the ‘bundling’ together of payments for trade execution and research.
Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. He replaces Nishad Vallonthaiel as head of electronic trading. He replaces Nishad Vallonthaiel as head of electronic trading. A spokesperson for Peel Hunt confirmed the move.
Susquehanna Institutional broker dealer Susquehanna International Securities has appointed Matt Coupe to its fixed income trading team. Saltiel will depart 4 July 2025 having served as acting director since December 2024. He also previously served a separate stint as acting head of the department in 2021.
London-based alternative investment firm, Regents Gate Capital (RGC), has selected big xyt to provide execution analytics and trading cost analysis (TCA).
Others are expected to take place in the coming days, The TRADE understands. “Last week, Clear Street decided to part ways with a small portion of London-based team members, representing one group partially responsible for regional equity execution.
The exchange is set to be the first US Securities and Exchange Commission (SEC) approved national securities exchange for global access, offering 23-hour US equities weekday trading from 4am to 8pm ET. The firm has said that the launch will allow institutional and retail investors across the world to trade US equities via participating broker-dealers, (..)
Duncan Trenholme and Simon Forster, global co-heads of digital assets, TP ICAP We expect 2024 to see the wholesale cryptoasset market professionalise and become increasingly serviced by traditional brands and providers. Spot Tokenisation has been a key narrative over the last 12 months, and we expect more of the same from banks in 2024. On
Whether volatility will significantly increase again in 2024 is somewhat beside the point. Paul Houston, global head of FX products, CME Group Given all the uncertainty in the world and in business, risk is likely to remain a dominant theme in 2024. As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
Cboe Europe Derivatives (CEDX) has welcomed Interactive Brokers as a participant, providing its clients with access to CEDX’s equity index derivatives and equity options this quarter. In November last year, CEDX expanded into equity options, with future expansion of these products in Q1 2024.
In a keynote speech at the Johannesburg Stock Exchange (JSE) South Africa (SA) Trade Connect 2024 conference, James Baugh, managing director, head of European market structure at TD Cowen, kicked off by highlighting that market structure and liquidity dynamics in South Africa mirror those felt in other markets and in particular, Europe.
Sadly, that is also the prediction I make today for 2024. Add in the potential banana skin of 2 billion people voting globally in elections next year, and the prospects for 2024 look fraught. The post The TRADE predictions series 2024: Macro outlooks appeared first on The TRADE.
Eric Heliene, head of buy-side trading desk, Groupama Asset Management The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem. The planned transition to T+1 settlement in 2024 and the forthcoming revision of Mifid II are poignant examples of this.
In a panel at the JSE SA Trade Connect 2024 conference in Cape Town, South Africa, panellists explored the ways in which fragmentation is impacting the trading of dual listed equities in the South African market. But for our clients here in South Africa, in particular, where liquidity is, that’s where we go.
As equity traders continue to seek ever more innovative ways to bolster their offerings, the rise of Alternative Trading Systems (ATSs) has followed – currently executing around 16% of all US equity volume. Speaking to the motivators, one surveyed sell-side head asserted: “The buy side wants to see us trading there.
Foraxi Revolutionizes Forex Trading with Instant Transactions and Tailored Broker Services dubai, united arab emirates, May 16th, 2024, FinanceWire Foraxi, the leading forex broker, has set a new standard in the industry with its cutting-edge services tailored to meet the needs of modern traders.
Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago. Non-display and terminal fees are now applicable to trading members, the notice confirmed. Non-display and terminal fees are now applicable to trading members, the notice confirmed.
The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds’ strategies, new data from The TRADE has found. The TRADE received a record number of responses to this year’s Algorithmic Trading Survey.
ION has connected to the newly launched FMX Futures Exchange, allowing clients to trade on the exchange through ION’s execution and post-trade product suite. The post ION connects to FMX Futures Exchange to bolster execution and post-trade clearing appeared first on The TRADE.
Trading Technologies (TT) has completed the acquisition of the buy-side TCA provider subsidiary of US agency broker Abel Noser Holdings. Abel Noser, which provides trading and analytical services for the buy-side, is not part of the transaction and will maintain its independence as an agency-only execution broker-dealer.
Attendees at the FIX EMEA Trading Conference said T+1 is the greatest regulatory headache currently within financial markets, though 70% of the audience said they will be ready for the acceleration of settlement times come May. The question is time frames and whether they can actually move at the same time,” concluded one panellist.
The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading New York Awards ceremony set to take place in November. So, without further a due, it gives The TRADE great pleasure to announce the following awards shortlists for Leaders in Trading New York 2024!
The regulator has been in consultation with market infrastructures and brokers to create a roadmap as it looks to lead to way in the global push to reduce settlement times. The post India to roll out optional T+0 from March 2024 as part of roadmap to instantaneous settlement appeared first on The TRADE.
The FIX Trading Community has launched a new real-time messaging type aimed at supporting the industry in its shift to accelerated settlement cycles. If FX trades cannot be completed in the same time frame there is the potential the market could start to see more settlement fails.
The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement. Achieving SDA is critical to meeting US T+1 settlement timelines.
The TRADE is excited to announce its inaugural Leaders in Trading New York awards, in recognition of the achievements of the trading and execution industry in North America. Leaders in Trading is The TRADE’s annual sell-out showstopper event, held at The Savoy in London. appeared first on The TRADE.
Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes.
A third of post-trade firms are operating with legacy platforms more than a decade old, with budgets being dominated by maintenance and upgrades over investments in replacements and transitions, new research has found. The post New study of post-trade ecosystem shows pain of legacy systems appeared first on The TRADE.
The annual Leaders i n Trading gala is the most distinguished awards night for the trading community. Among the most coveted awards categories is the Editors’ Choice Awards and today we bring you the 2023 nominees for Outstanding Post-Trade Services Provider.
FBS Reinvents Mobile Trading Experience with the Upgraded FBS App Singapore, Singapore, April 10th, 2024, FinanceWire FBS, a leading global broker, introduces its revamped mobile trading application – the FBS app. To thank clients […]
Securities and Exchange Commission (SEC) agreed to rule amendments on February 15, 2023, the most notable change involved shortening the standard cycle for broker-dealer transactions from a “T+2” standard to a “T+1” window. The T+1 rule went into effect on May 28, 2024, […]
Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Outstanding Derivatives Exchange, showcasing exceptional performance in the derivatives exchange space. Open interest peaked at over 2,000 in March earlier this year.
The following report examines the health and outlook for insurance M&A deals in 2024. Insurance M&A Deal Valuation, 2024 Starting out in 2024, EBITDA and revenue multiples are in a good place, experiencing modest YoY growth despite the economic downturn of the last 18 months.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. With innovation rife across the emerging markets space, it should come as no surprise that plans for further investment are picking up pace.
Following regulatory approvals, the available products are set to be expanded by the end of Q1 2024, and plans are in place to begin Cboe’s Liquidity Provider Programme for all equity options after the March 2024 expiry period. The single stock options traded on CEDX will be cleared by Cboe Clear Europe N.V.
Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The product is set to be up and running in Q1 2024, with all the licenses expected to be in place, The TRADE can reveal.
As part of the move, Marex will become a member of LCH’s SwapClear service on 15 July 2024, subject to final approval. Marex’s non-bank clearing solution is broker agnostic and will complement existing bank relationships. Marex has revealed plans to offer client clearing of interest rate swaps.
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